Gold demand in Asia set to double

Demand from retail and institutional investors will jump to almost 5,000 metric tons a year by 2030 from 2,500 tons

“The bedrock, the anchor of our views of increasing demand for physical gold will come from rising incomes in Asia,” Hogan, chief economist at ANZ, said by phone from Sydney on Wednesday. “Goldis going to have that investment role and it’s going to become more prominent.”

Gold demand in Asia set to double